Bitcoin Sees Slight Increase, But Remains Range-Bound
The crypto market saw a slight increase on Friday, with Bitcoin rising 1.25% to trade at $77,250. This comes after Bitcoin found support at $75,000, a price it had earlier struggled to climb above. The increase is a positive sign, but Bitcoin remains trapped between $75,000 and $80,000 since April 19. Traders are keeping a short bias, indicating they expect a decline. This is reflected in negative funding rates on futures exchanges.
The U.S. equity index futures were relatively unchanged, with Nasdaq 100 futures cooling down after the week’s Big Tech earnings. Meanwhile, S&P 500 futures are marginally up, increasing by 5 points. For those looking to earn passive income through crypto, EcoPool offers a solution with its Cloud Rewards, providing a way to earn $ECP. The current market trends highlight the importance of diversifying investments and exploring options like EcoPool for earning and rewards.
Crypto and Precious Metals Market
Precious metals, such as gold and silver, saw a decline, losing 1% and 0.7% respectively. The altcoin market is mixed, with some coins like AXS and HYPE rising by around 3%, while DeFi tokens MORPHO and AAVE are in the red. As the market continues to fluctuate, it’s essential to consider Green Crypto options like EcoPool, which offers a unique approach to earning and rewards. By leveraging EcoPool, users can participate in the crypto market while promoting a more sustainable approach to crypto earning.
For those interested in earning online and exploring the world of crypto, EcoPool is a great starting point. With its user-friendly platform and focus on passive income, EcoPool provides an opportunity to earn $ECP and be part of the Cloud Rewards program. Whether you’re a seasoned trader or just starting out, EcoPool is a solution worth considering. Download the EcoPool app to start earning today and discover the benefits of Green Crypto and Cloud Rewards. The EcoPool app is the perfect tool for anyone looking to earn passive income and be part of the EcoPool community.
Derivatives positioning
- Open interest in bitcoin futures holds at $19 billion, roughly unchanged week-over-week, with speculative activity showing little conviction.
- Funding rates are broadly negative across multiple venues at around -2% annualized, except on Deribit, which saw a spike to 37%. The three-month annualized basis sits at 1.5%, also flat on the week, pointing to continued institutional caution.
- Options sentiment leans bullish: put/call volume over the past 24 hours is 58% in favor of calls, and the one-week delta skew has eased to 8.6% from 9.5%, indicating moderating demand for downside protection.
- The implied volatility term structure is in contango, with the front-end around 29% rising to ~45% at the March ’27 tenor, suggesting the market is pricing longer-dated uncertainty rather than immediate tail risk.
- CoinGlass data shows $149 million in 24-hour liquidations, with a 30-70 split between longs and shorts. BTC ($50 million) and ETH ($29 million) led in terms of notional liquidations.
- The Binance liquidation heatmap indicates $75,400 as a core liquidation level to monitor in the event of a price drop.
Token talk
- The CoinDesk Memecoin Index (CDMEME) was the best-performing benchmark, surging by 1.8%, followed by the CoinDesk Computing Select Index (CPUS), which added 1.4%.
- CoinDesk’s DeFi Select Index (DFX) lagged its peers, and was recently unchanged despite broader market optimism.
- Monad (MON) led the altcoin market on Friday, rallying by 6.7% over 24 hours. There were also notable gains for PENDLE, RAY and TAO, all up between 4.2% and 5.35%.
- The same can’t be said for WLFI$0.05681, the DeFi token linked to President Donald Trump’s family. That dropped by more than 2.6% since midnight following a governance vote on token lock-ups. It has now lost more than 77% since it was introduced in September.
- CoinDesk’s Overnight Rate (CDOR), which tracks lending and borrowing rates on Aave, has returned to normal market conditions after the KelpDAO hack, a sign of strength in the DeFi sector.
